Draghi doesn’t see need to cut rates further

ECB’s Draghi, while addressing questions on interest rates, said the bank does not see a need to cut rates further, but maintained today's outcome dispels doubts about willingness to act.

Meanwhile, ECB’s Constancio said the TLTRO 2 poses no obstacle to rate changes in the future.

Draghi also added that today’s move was not an overreaction to a drop in oil prices and said the easing was in response to significant weakening of global growth.
For more information, read our latest forex news.

Useful Searches

Disclaimer - Forex, futures, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the information contained on this site will generate profits or ensure freedom from losses.